SGB Update Outdoor
Everlast Q1 Profits Fall 96% as Sales Slide 21.5%
Everlast Worldwide Inc. reported net sales for its first quarter ended March 31, 2003 were $12,355,283 as compared to $15,734,596 reported in 2002. Net income available to common stockholders (after giving effect to the redeemable preferred stock dividen
Kohl’s Q1 Net Income Up 4.1% on 13.2% Sales Increase
Kohl's Corporation reported net sales for the first quarter were $2.1 billion, an increase of 13.2% over the same period a year ago. Net income for the quarter was $111 million, a 4.1% increase over the $107 million reported for the same quarter a ye
Oldham Promoted to RSM for Wilson Golf
Joe Oldham, formerly Territory Manager for Wilson Golf, has been promoted to the position of Western Regional Sales Manager, Wilson Golf & Racquet Sports. Oldham will focus specifically on golf accounts. In his new position, he will direct a staff of 1
New Balance to Sponsor Major League Lacrosse
New Balance Athletic Shoe, Inc. announced that it will sponsor Major League Lacrosse, the premiere professional outdoor lacrosse league. The league launches its third season this year…
Shopko April Comps Increase 3.5%
ShopKo Stores, Inc., reported consolidated sales for the four weeks ended May 3, 2003 were $224.2 million, 3.3% above the $217.0 million reported for the same period last year. Consolidated comparable store sales increased 3.5%…
Urban Outfitters Q1 Comps Up 2.0%
Urban Outfitters, Inc. announced total Company comparable store sales for the quarter ended April 30, 2003 rose 2% on top of an 18% increase in last year's first quarter. “Comp” store sales at Urban Outfitters gained 5% versus an increase of 12% last
Gildan Fiscal Q2 Net Income Up 36% on 10% Sales Gain, Special Charges
Gildan Activewear Inc. reported net earnings in U.S. dollars before a special charge amounted to $14.1 million, or $0.48 per diluted share, up respectively 36.9% and 37.1% from the second quarter of fiscal 2002. Sales were a second quarter record of CN $
Galyan’s Name New Apparel GMM
Robert B. Mang, Chairman and CEO of Galyan's Trading Company, Inc. announced the appointment of Jeff Brown to the position of Senior Vice President, General Merchandise Manager Apparel. Jeff joins Galyan's after more than 28 years with Kaufmann&
Global Brands Acquires Aris Brands
Aris Industries, Inc. announced Wednesday it has signed a definitive trademark purchase agreement with Global Brand Holdings, LLC (“Global”) providing for the sale of the XOXO, XOXO IN AMERICA AND ABROAD, FRAGILE and LOLA trademarks and related assets for
Escalade Ups Stake in STIGA Parent
Escalade, Inc. has increased its ownership interest in Sweden Table Tennis AB from 37.5% to 50%. Sweden Table Tennis AB owns the STIGA table tennis brand name and is the recognized leader in table tennis design and engineering. Sweden Table Tennis AB repo
Foot Locker Shuffles the Upper Deck
The strength of the retailer’s European business, and the planned growth there, made the resignation of Foot Locker Europe CEO Simon Rider a surprise to many. Foot Locker's major expansion plans in Europe were counted on to offset the weakening US b
Kmart Exits Chapter 11, Names Lampert Chairman
Kmart Holding Corporation announced that the Board of Directors of the Company has appointed Edward S. Lampert, Chairman and Chief Executive Officer of ESL Investments, as Chairman of the Board. Kmart emerged from bankruptcy court protection Tuesday.
KSA Offers Survival Strategies for Difficult Economic Times
Retailers must focus their attention on eight retail priorities to survive in difficult economic times says Phil Kowalczyk, Managing Director, North America for Kurt Salmon Associates (KSA). “Successful retailers know they must consistently focus on devel
Spiegel Gets DIP Financing Final Approval
The Spiegel Group announced that it has received final Bankruptcy Court approval for the full amount of its $400 million senior secured debtor-in- possession (DIP) financing facility…
Retailers Welcome Debit Card Lawsuit Settlement
The National Retail Federation has welcomed the settlements reached with Visa and MasterCard this week in a federal antitrust lawsuit brought by U.S. merchants against the two companies regarding their debit card practices. The settlements came in a laws
